1102 West 18th Street

Los Angeles, CA 90015

$1,195,000
Price
8
Beds
4
Baths
3,784 Sq. Ft.
$316 / Sq. Ft.
3,784
Sq. Ft.
$316
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 1102 W. 18th Street, a four (4) unit multifamily investment, located in Downtown LA. This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 3,784 SF on a 5,020 SF lot. The unit mix consists of four (4) spacious 2-bedroom + 1-bathroom units, of which two (2) units will be delivered vacant upon the close of escrow. Given the location, attractive local area amenities, and opportunity...We are pleased to present the opportunity to acquire 1102 W. 18th Street, a four (4) unit multifamily investment, located in Downtown LA. This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 3,784 SF on a 5,020 SF lot. The unit mix consists of four (4) spacious 2-bedroom + 1-bathroom units, of which two (2) units will be delivered vacant upon the close of escrow. Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive Downtown LA submarket that will provide exponential returns.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 1102 West 18th Street

Zoning
LARD1.5
Parcel Number
5135015023
Total Units
4.0
Living Area
3784
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
50%
Lot Size Area
5020

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute
LISTING UPDATED: 04/02/2024 12:01 AM

Property Details for 1102 West 18th Street

StatusActive
MLS #24-372485
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.12 AC / 5,020 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute

Building Information for 1102 West 18th Street

Stories2Residences-Year Built1920Building Size-Lot Size0.12 AC / 5,020 SF

Payment Calculator

$7,378 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,522

Property Taxes

$856

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1102 West 18th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $95,892
  • Net Operating Income: $71,755.00
  • Gross Income: $95,892
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $12.46
  • Total Annual Expense: 24137
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1152
  • Lot Size Square Feet: 5020
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 6
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Refrigerator, Range/Oven, Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,341.00
  • Unit Actual Rent: $1,341.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,575.00
  • Unit Actual Rent: $2,575.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,575.00
  • Unit Actual Rent: $2,575.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $323,140.00
  • Assessed Improvement Percent: 39.94
  • Assessed Land Value: $485,850.00
  • Assessed Land Percent: 60.06
  • Assessed Total Value: $808,990.00

Property History for 1102 West 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1102 West 18th Street

Taxable ValueLand$485,850Additions$323,140Total$808,990
Tax Record2023$10,271 ($856 / month)
Home Facts
Total Finished SqFt3,784 SqFtAbove Grade Finished SqFt3,784 SqFtLot Size5,020 SqFtStyleQuadraplexYear Built1920ZoningLARD1.5CountyLOS ANGELESAPN5135-015-023

Schools near 1102 West 18th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Norwood Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1102 West 18th Street is a multi-family home for sale in Los Angeles, CA 90015. This property was listed for sale on March 25, 2024 by Carolwood Estates, it's currently listed at $1,195,000. It has been on the market for a total of 33 days and was last sold on January 4, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Norwood Street Elementary School, John Adams Middle School and West Adams Preparatory High School. 1102 West 18th Street is a 8-bed, 4-bath, 3,784 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.